Eurjpytrade
EUR/JPY to find support from current levelThis has broken the channel and reached the support level. I expect this to correct before making another attempt at breaking the support level at 125.80. Take profit is at -0.272 Fib.
EURJPY ShortWe find the EURJPY graph as we can see it has broken in a very strong way the 125.37$ resistance and most probably it ends up reaching the 125.11$ resistance. From there we will wait for the next candles to analyze the different patterns, but what happens possibly is a correction, so my recommendation is to sell until 125.11$ and buy around that value always with a nearby SL since this second operation is a trade with some more risk.
EURJPY, having some pullback, long when touches supportEURJPY, a healthy pull back, long if it touches the area level of support!
EUR/JPY could FALL!Hey tradomaniacs,
EUR/JPY has been very tricky recently as EURO-strenght wasn`t really able to help EUR/JPY to rise.
JPY was pretty chaotic due to mixed fundamental circumstances, but considering that JPY is actually a save haven we can expect EUR/JPY to drop in a risk-off-scenario in the stockmarket.
The problem was that correlations have made less sense since CHF and JPY were rising with stocks as a hedge.
We might see that correlations finally make sense again, which means that EURO would suffer due to DXY-Strenght.
However, technically we have seen three fakeouts above the range, indicating either stop-loss-fishing or fake-moves in order to attract more buyers to spend the liquidity big players need to get rid of your long-positions.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
PS: This week I only share my analysis as market-conditions are still weak due to loq volume and liquidity! Will be back with signals next week!
EURJPY SELLI am really sorry , I forgot about the bigger picture and it went completely against the analysis , just put a sell because its a strong sell until it respects the trendline of bigger timeframe just wait for a flag to get another entry
EURJPY BUYTake a buy on eurjpy as it consolidated few hours and showing rejection candles , it is expected to go long . Its a high quality trade and will give atleast 50 pips .
If you want to learn this strategy just drop a comment 🙏
( Falcon Strategy )
EUR/JPY Bullish Still Respecting the support!We can see clearly that on the bigger frames the trend respects the support and forming a healty uptrend.
Another clear thing is the outbreak on the RSI, and that prices are still above the 200 EMA on the 4H.
As we can see on the chart we can copy the exact trend as an example of what could happe, If so we''ll need to hold the trade untill Firday or maybe next week.
Depending on the upcoming (14) News events.
My Entry was around 126.350
Planning to Re-enter more times on different support levels
TP around 127.400
SL Tight at 126.000 ( minus 50 Pips from my entry )
Have a good one!
EURJPY LONGEURJPY is in a lovely upwards channel. To take a long I will be looking for price to come down where marked.
I will look for a third new higher low to be created whilst staying within the channel. This confirms that the trend is likely to continue...the trend is your friend.
From 126 region I expect price to go up towards 128 region. This is providing us with a great long option with good r/r. Trade is only valid if technicals are respected .
EURJPY - ConcernThis looked like a fantastic sell setup to end last week, however, the more I analyse it, the more I see potential for once last push up before the downfall into the key level marked.
EURJPY Buy Plan | Entry details in description EURJPY Buy - Entry- 126.755 SL- 126.086 TP- 128.762 NOTE - Please do your own analysis before taking this trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
EURJPY, 4hr tf, EMA-200 support to fuel buying pressureHello everyone,
As you can see EURJPY has been moving in a sideways direction for the whole December.
It is moving in a tight 80 pips range and i think we might soon get a real buying pressure.
If you look at the daily chart, EURJPY previously broken above an inverted head and shoulders pattern.
The measured objective of this pattern count should be around 128.20 area.
EURJPY has managed to closed above 126.60 resistance twice on 4hr tf.
The next time it closed above it i think we will see some strong buying pressure.
For now, we will try to trade inside this range because it still offer a good trading opportunity.
We could also consider this sideways movement as a flag pattern and i think it will be a bullish flag.
Buy limit EURJPY 125.85
Stop loss 125.60
Take profit 126.60 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
EURJPY MASSIVE SWING ( DONT MISS THIS ONE)Through back, we had a price that was trapped inside a bearish channel and then price changed direction immediately after tested the overall support, Currently price has break the channel and has provided impulse move to the upside let's wait for a RETEST before Longing EURJPY
EURJPY H4 view PREPARE TO TRIPPLE YOUR ACCOUNTS WITH EURJPY EURJPY Will go short after RETEST however in overall we are looking for BUYING ( SWING)
EURJPY BullishAs we can see a range market since 2/12/2020. Now market showed us a Elliiot wave bullish sign.
1st it will touch support line or TL then it will shoot.
